The following values represent the population of home mortgage interest rates (in percents)being charged by the banks in a particular city: Given this information,what would the sampling error be if a sample including the seven values in the top row were used to compute the sample mean?
A)Approximately 6.93
B)About 0.56
C)Approximately -0.07
D)About 0.07

Question

The following values represent the population of home mortgage interest rates (in percents)being charged by the banks in a particular city:  Given this information,what would the sampling error be if a sample including the seven values in the top row were used to compute the sample mean?
A)Approximately 6.93 
B)About 0.56 
C)Approximately -0.07 
D)About 0.07

Quizplus · Accepted Answer

The Answer of The following values represent the population of home mortgage interest rates (in percents)being charged by the banks in a particular city:  Given this information,what would the sampling error be if a sample including the seven values in the top row were used to compute the sample mean?
A)Approximately 6.93 
B)About 0.56 
C)Approximately -0.07 
D)About 0.07

The Following Values Represent the Population of Home Mortgage Interest